Global 100: Methodology

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FINANCIAL YEAR-ENDS

Financial data shown is for the last financial year – either calendar year 2012 or 2012/13.

Financial years differ – most end in December in the US, and in April in the UK.

Legal Business takes the compilation of the Global 100 very seriously. We make every effort to ensure that the figures we publish are accurate and precise. The overwhelming majority of firms co-operate fully with us in this regard by providing us with the required information. Some firms choose not to co-operate officially with our data collection process and in these circumstances we rely on figures given to us by trusted but anonymous sources. Continue reading “Global 100: Methodology”

Speechly posts flat financials but forecasts PEP boost next year

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Speechly Bircham has posted flat financials for the 2012/13 year following failed merger talks with Withers and a spate of partner exits.

The City-headquartered firm saw a slight drop in revenue to £57.5m from £57.6m in 2011/12, while profits per equity partner decreased from £299,000 to £293,000. Continue reading “Speechly posts flat financials but forecasts PEP boost next year”

Kennedys unveils 9% turnover increase and signals further expansion to its network

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Kennedys has today announced a turnover increase of 9% after a year of both lateral hires and organic growth, with revenues up to £117m from £109m in 2011/12.

The results do not reflect the firm’s recent merger with aviation firm Gates and Partners on 1 June this year, which is expected to add £10m to the City-based insurance specialist’s bottom line. Continue reading “Kennedys unveils 9% turnover increase and signals further expansion to its network”

Forsters appoints new private client head as department hits 164% revenue increase over five years

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West End boutique Forsters has appointed Fiona Smith to take over as head of the private client department as it achieves a run of 164% revenue increase over five years.

Smith, who succeeds current head David Robinson at the Mayfair firm, specialises in offshore tax planning, wills, trusts and probate law. She acts as adviser to many of the firm’s longstanding clients, including media figures, entrepreneurs, charities, landed estates and directors or owners of listed UK companies.

Her appointment comes just weeks after the LB100 firm posted a 16% revenue increase, with fee income coming in ahead of budget at £32.5m, up from £28m in 2011-12. Continue reading “Forsters appoints new private client head as department hits 164% revenue increase over five years”

Osborne Clarke reaps benefit of year of European expansion with revenue increase of 14%

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Osborne Clarke has ended a year of international expansion with 2012-13 revenues up by 14% to £112m as it beds down new offices in Italy and Spain.

The revenue growth masks a couple of slow periods for the firm’s transactional business in what managing partner Simon Beswick described as a ‘lumpy market’. Discounting revenues from the top 40 UK firm’s new offices, its year-on-year turnover figure fell by 1% from £98m in 2011-12 to £97m in 2012-13.

The 410-lawyer firm posted a dip in net profits during the same financial period, down 5% from £37m to £35m. Continue reading “Osborne Clarke reaps benefit of year of European expansion with revenue increase of 14%”

SJ Berwin reveals turnover increase of 2% as partnership expansion hits PEP

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SJ Berwin has become the latest leading UK law firm to release its 2012-13 financial results, with its unaudited accounts revealing an increase in revenue of 2% to £184.6m, exceeding last year’s growth figure of 1.1% to £180.1m.

Profit figures have yet to finalised but early indications suggest that net profit has risen slightly at the top 25 UK firm, although profits per equity (PEP) partner have contracted by up to 10% in light of expansion to the partnership over the past year, falling from £635,000 to around £570,000. Continue reading “SJ Berwin reveals turnover increase of 2% as partnership expansion hits PEP”

Pinsent Masons’ post merger revenue up by 40%

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Top 20 UK law firm Pinsent Masons has seen its year-on-year turnover increase by 40% from £221m to £309m thanks to its merger with McGrigors in June last year.

The firms, which would have had a combined turnover last year of around £294m, have in real terms seen a growth in revenue of 5%.

The increase comes after a year of international expansion during which Pinsents opened new offices in Munich, Paris and Istanbul, for the first time giving it more offices overseas than in the UK. Continue reading “Pinsent Masons’ post merger revenue up by 40%”

Nabarro’s PEP up by 30% as firm posts modest growth in revenue

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Nabarro’s profit per equity partner (PEP) has risen by 30% over the past financial year, figures released by the firm today (13 June) reveal.

Preliminary figures show the firm’s net profits increased by 11% from 2012-13, while PEP has risen from £332,000 to £430,000 during the same period.

The firm’s annual turnover is up by 2.6% from £113.4m in 2011/12 to £116.3m in 2012/13. Continue reading “Nabarro’s PEP up by 30% as firm posts modest growth in revenue”

RPC second City firm today to announce high double digit revenue increase

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Reynolds Porter Chamberlain has become the second City firm today (11 June) to announce a high double digit increase in revenue, with turnover up by 20% for 2012-13.

The top 50 LB100 firm has seen its revenue rise from £68m in 2011-12 to £82.1m this year. Its profits are yet to be announced. Continue reading “RPC second City firm today to announce high double digit revenue increase”

Clyde & Co continues to reap benefits of Barlows merger with 17% hike in revenue

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Clyde & Co has posted a 17% hike in turnover for 2012-13 as the firm continues to reap the benefits of its 2011 merger with Barlow Lyde & Gilbert.

The insurance focussed firm’s revenues have increased from £287m in 2012 to £336.6m in 2013, amidst a sluggish prevailing European economy. According to chief executive Peter Hasson, without including Barlow’s revenues, Clyde & Co would have reported a single digit growth of around 6%. Continue reading “Clyde & Co continues to reap benefits of Barlows merger with 17% hike in revenue”